MasterCraft (MCFT) Misses Q3 EPS by 4c, Withdraws Guidance

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MasterCraft Boat Holdings, Inc. Reports Fiscal 2020 Third Quarter Results

May 6, 2020 7:30 AM EDT

VONORE, Tenn., May 06, 2020 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2020 third quarter ended March 29, 2020.

Third Quarter Highlights:

Pulled back production rate in early March and suspended production in late March in response to the COVID-19 pandemic.Net sales for the third quarter decreased to $102.6 million, down 20.1 percent from $128.4 million in the prior-year period, due to reduced production in anticipation of slower retail demand from the COVID-19 pandemic.Enhanced our liquidity, as a... More